TRUE OR FALSE
1. Business forms are used to document transactions.
2.Internal business forms are used within the company.
3.Purchase Request is a form issued by the supplier to ask the buyer to
purchase from him.
4.Sales Invoice is issued by the seller upon receipt of payment from the
buyer.
5.Receiving Report is prepared by the seller and Delivery Report is prepared
by the buyer.
Beltra
hired
6. The buyer sends the Purchase Order to the seller to communicate the
exact specifications of his order.
7.One Delivery Receipt covers one Purchase Order. One Purchase Order
covers one Delivery Receipt.
8.A Statement of Account lists down all the transactions that occurred
between the buyer and seller over the coverage period of the bill.
9. A check voucher shows the journal entry to record the payment
transaction.
10. Official Receipt is evidence of cash payment or when check paymentcleared the bank.​